March Jobs: Five Things You Need to Know

An employee drives a front loader carrying corrugated boxes at the International Paper factory in Mt. Carmel, Penn. Photograph by Paul Taggart/Bloomberg

The government reported today that the economy added just 120,000 jobs in March, below market expectations, while the unemployment rate fell a notch to 8.2 percent from 8.3 percent in February. Economists surveyed by Bloomberg News had a median forecast of 205,000 jobs added, so the March report was a mild disappointment. “Mild” because it’s not even clear that the economists were wrong. The government’s count is imprecise, and the economists’ estimate was within its margin of error.

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